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Notes to Accounts of Kretto Syscon Ltd.

Mar 31, 2015

1 Deferred Tax

Deferred Tax is calculated at the tax rate and laws that have been enacted or subsequently enacted as of the Balance Sheet date and is recognized on timing difference that originate in one period and are capable of reversing in one period and are capable of reversing in one or more subsequent period. Deferred Tax, subject to consideration of prudence are recognized and carried forward only to the extent that they can be realized

2 None of the employees of the Company has crossed the Limits Prescribed u/s. 217 (2A) of the Companies ( Particulars of Employees ) Amendment Rules, 1988 during the year.

3 In the opinion of the Board, Current Assets, Loans and Advances have the value at which they are stated in the Balance Sheet, if realized in the ordinary course of business and are subject to confirmation.

4 Additional Information under Schedule III of the Companies Act, 2013 : Nil

5 Previous Year's figure have been re-grouped / rearranged wherever essential.

6 All the Balances of Sundry Creditors, and Sundry Debtors are subject to confirmation. And realized in the ordinary course of business.

7 Cash on hand at the year end certified by the management. Moreover we are not physically verified the Cash Balance as on 31-03-2015.


Mar 31, 2013

- The Company deals in trading in Optical Items. There is closing Stock of Rs. NIL at the close of the year.

- Balance of cash on hand at the end is accepted as certified by the management of the company.

- Balance of sundry Debtors, Creditors, unsecured loans, Loans & advances are subject to the confirmation of parties.

- In view of the insignificant amount of Net deferred tax liability/ net deferred tax asset on the date of balance sheet, no adjustment in this regard has been made.

- The expense of electricity, telephone and maintenance include expense of properties owned by the company and occupied by the directors of the company.

- The figures of the previous year are regrouped or rearranged wherever it is necessary.

- Provision in respect of Auditors Remuneration is made in account.


Mar 31, 2011

- The Company deals in trading in Optical Items. There is closing Stock of Rs.469850 at the close of the year.

- Balance of cash on hand at the end is accepted as certified by the management of the company.

- Balance of sundry Debtors, Creditors, unsecured loans, Loans & advances are subject to the confirmation of parties.

- In view of the insignificant amount of Net deferred tax liability/ net deferred tax asset on the date of balance sheet no adjustment in this regard has been made.

- The expense of electricity, telephone and maintenance include expense of properties owned by the company and occupied by the directors of the company.

- The figures of the previous year are regrouped or rearranged wherever it is necessary.

- Provision in respect of Auditors Remuneration.

- Tax Provision Not Made Due to Significant amt of Deferred Tax.


Mar 31, 2010

- The Company deals in trading in Optical Items. There is closing Stock of Rs.469850 at the close of the year.

- Balance of cash on hand at the end is accepted as certified by the management of the company.

- Balance of sundry Debtors, Creditors, unsecured loans, Loans & advances are subject to the confirmation of parties.

- In view of the insignificant amount of Net deferred tax liability/ net deferred tax asset on the date of balance sheet, no adjustment in this regard has been made.

- The expense of electricity, telephone and maintenance include expense of properties owned by the company and occupied by the directors of the company.

- The figures of the previous year are regrouped or rearranged wherever it is necessary.

- Provision in respect of Auditors Remuneration.

- Tax Provision Not Made Due to Significant amt of Deferred Tax.

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